With the Fed failing to tighten conditions, market Bubbles are today extraordinarily vulnerable to a geopolitical shock.
Doug Noland
Hear no, see no, speak no… inflation
The most important take away from Doug’s article is we will see a tipping point soon with no chance of going back to the good ole days of free money.
Instability in the Markets
I believe inflationary policies from all the major central banks – and governments more generally – have unleashed a period of acute instability.